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Friday, February 12, 2010

Stamp duty was not the issue

I REFER to Marisa Demori’s letter “Why begrudge Govt the stamp duty?” (The Star, Feb 10) in a rebuttal of DG’s letter “House buyers pay exorbitant fees”.

DG had only categorically stated the official stamp duty rates charged without any comment. He did not begrudge the Government the stamp duty. The issue was the legal fees charged as there is hardly any difference in the work or effort involved in the purchase of a RM100,000 or a RM1.5mil house but the fee charged for the former is RM1,000 and the latter RM7,500. It’s a valid point. A fair day’s wages for a fair day’s work.

DG went further by highlighting the usage of licensed conveyances overseas to bring down legal fees. What is wrong with introducing this into our country? Is it wrong to save a few hundred ringgit for somebody who has to pay up to 30% of his salary for the next 20 to 30 years in house instalments?

Most SPA are more or less standard agreements needing property and buyer/seller details, dates for specific performances and occasional minor changes or one or two additional clauses. These standard agreements continue to be cycled and recycled, only to be amended as and when the laws of the land change.

Rising crime rates, increasing backlogs, civil suits and political issues have jammed the judicial systems. All these are indications of the rising demand for lawyers’ services. These are where their talents are required to oil the machinery of the judicial systems. Filling standard forms is a waste of their talents and time.

Most legal firms leave these mundane tasks to their clerks and secretaries and thus, there is a case for licensed conveyances here.

Kuala Lumpur.

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Harap dapat tinggalkan nama anda apabila membuat komen yer..Tak kisah la nama betul ke samaran....TQ

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